Common use of TERMINATION FOR BANKRUPTCY AND RELATED EVENTS Clause in Contracts

TERMINATION FOR BANKRUPTCY AND RELATED EVENTS. Subject to Xxxxx 00, Xxxxxx Xxxxxx Code, if either party becomes or is declared insolvent or bankrupt, is the subject of any proceedings relating to its liquidation, insolvency or for the appointment of a receiver or similar officer for it, makes an assignment for the benefit of all or substantially all of its creditors or enters into an agreement for the composition, extension or readjustment of all or substantially all of its obligations, then the other party may, by giving written notice thereof to such party, terminate this Agreement as of a date specified in such notice of termination.

TERMINATION FOR BANKRUPTCY AND RELATED EVENTS. Subject to Xxxxx 00, Xxxxxx Xxxxxx Code, if either party Party becomes or is declared insolvent or bankrupt, is the subject of any proceedings relating to its liquidation, insolvency or for the appointment of a receiver or similar officer for it, makes an assignment for the benefit of all or substantially all of its creditors or enters into an agreement for the composition, extension or readjustment of all or substantially all of its obligations, then the other party Party may, by giving written notice thereof to such partyParty, terminate this Agreement as of a date specified in such notice of termination.

TERMINATION FOR BANKRUPTCY AND RELATED EVENTS. Subject to Xxxxx 00, Xxxxxx Xxxxxx Code, if either party becomes or is declared insolvent or bankrupt, is the subject of any proceedings relating to its liquidation, insolvency or for the appointment of a receiver or similar officer for it, makes an assignment for the benefit of all or substantially all of its creditors or enters into an agreement for the composition, extension or readjustment of all or substantially all of its obligations, then the other party may, by giving written notice thereof to such party, terminate this Agreement as of a date specified in such notice of termination.

TERMINATION FOR BANKRUPTCY AND RELATED EVENTS. Subject to Xxxxx 00, Xxxxxx Xxxxxx Code, if If either party becomes or is declared insolvent or bankrupt, or is the subject of any proceedings relating to its liquidation, insolvency or for the appointment of a receiver receivership or similar officer for it, makes an assignment for the benefit of all or substantially all of its creditors or enters into an agreement for the composition, extension its dissolution or readjustment of all or substantially all of its obligationswinding-up, then the other party may, may by giving written notice thereof to such party, terminate this Agreement as of a the date specified in such notice of terminationnotice.